Russell Lea - Rodd Point
Net migration by age
The age group with the highest net migration in Russell Lea - Rodd Point is 35-39 year olds, this is forecast to occur in the period between 2016 to 2021.
Migration is one of the most important components of population change. Once you have established the amount of development activity in an area, the next step is to make assumptions about who will move into the area as well as who is leaving the area.
Net migration by age is an excellent way of understanding housing markets. The most mobile age groups in the population are young adults. They tend to move to attend educational institutions, seek work and express a change in lifestyle. Market research has shown that empty nesters are more likely to move to smaller accommodation when appropriate and affordable alternative housing is supplied in the local area that is accessible to established social networks.
Select each small area to see how migration patterns differ for each area across City of Canada Bay depending on their housing markets and stage in the suburb life cycle.
Major migration assumptions:
- relatively little net change through migration owing to the limited opportunities for further development, resulting in small losses in most age groups
- Small loss of young adults (20-34 years) accessing transport, education, employment opportunities and rental housing elsewhere
- Loss of young families (0-9 and 25-39 years) accessing suitable home owning opportunties elsewhere. The gain in parent age groups is likely to be a combination of young professionals renting, but moving out of the area in order to access affordable family type housing once they are ready to have children, or parents with one child, later prompted to move by changing circumstances, such as the arrival of a second child
- Loss of 'empty-nesters' and retirees (50-79 years)